Biophotonics Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2014 - 2020
97 Page Report
Global Biophotonics Market is Expected to Reach USD 50.20
Billion in 2020: Transparency Market Research
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Biophotonics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014
According to a new market report published by Transparency Market Research "Biophotonics Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020," the market was valued at
USD 25.16 billion in 2013, which is expected to reach USD 50.20 billion by 2020, growing at a CAGR of
10.4% from 2014 to 2020.
Browse the full Biophotonics Market Report at
Increasing demand for accurate early diagnosis and growth of ageing population are the major forces
driving the biophotonics market. Apart from this, advances in optical technologies in aerospace and
telecom industry and availability of funds for research and development are also fuelling the growth for
biophotonics market. European commission provided grants of USD 13.74 million to pan European
biophotonics consortium for the development of advanced light sources and lasers. Moreover, there are
other organizations such as medical research council, the Robertson trust and BBSRC among others are
providing fund for research and development. In addition, the demand for minimum invasion surgeries and
the increasing awareness about food security are expected to drive biophotonics market over the
forecasted period. The increasing demand for non medical...